Understanding the Trump Administration's New Tax Bill

What is the primary focus of the Trump administration's new tax bill?

• Increasing federal spending

• Reducing the national debt

• Improving healthcare access

• Overhauling the tax system

Which of the following is a temporary benefit mentioned in the tax bill?

• Increase in standard deduction

• Bump to the child tax credit

• Permanent tax relief

• No federal taxes on tips

According to the analysis, who receives the largest tax breaks under the new bill?

• Small business owners

• Low-income earners

• Middle-income families

• The wealthiest Americans

How does the government offset the revenue lost from tax cuts at the top?

• Raising tariffs

• Cutting safety net programs

• Increasing corporate taxes

• Reducing military spending

What is a potential consequence of tariffs mentioned in the video?

• Lower unemployment rates

• Decreased cost of goods

• Increased access to benefits

• Higher prices for everyday items

What is the estimated cost to implement the no tax on tips policy over four years?

• $40 billion

• $10 billion

• $30 billion

• $20 billion

What is one of the main arguments for cutting taxes at the top?

• To support low-income families

• To reduce the federal deficit

• To drive economic growth and create jobs

• To increase government revenue

What is a significant concern about the tax bill's impact on the federal deficit?

• It will have no impact on the deficit

• It will decrease the deficit

• It will significantly increase the deficit

• It will balance the budget

What internal disagreement is mentioned regarding the tax bill?

• All parties support the bill

• Some want to increase military spending

• Some want to slash Medicaid further

• There is no disagreement

What is a key question raised about the tax bill's priorities?

• Should we focus on cutting taxes for top earners?

• Should we increase tariffs on all goods?

• Should we prioritize military spending?

• Should we eliminate all safety net programs?